Alpha Immobiliare Fund

is the first contribution fund to have been placed in Italy

It was created in 2001 with the contribution of 26 INPDAP properties - mainly destined for the tertiary sector - located in Bologna, Milan and Rome.Alpha is also the first example of divestiture of public assets through a real estate fund and its market success has prompted further sales of public property.

SYNTHESIS

Type

Closed-end real estate fund with public contribution

Placement

From 12 to 28 June 2002

Initial Equity

€ 259,687,500

Number of units

103,875

Placement Price

€ 2,600

Duration

The duration has been extended for a further 15 years, compared to the original expiry set for June 27, 2015, thus providing the expiry to June 27, 2030